Congressman Lamar Smith

Representing the 21st District of Texas
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Rep. Smith: “Communities Across Texas Will be Well-Served by Financial CHOICE Bill”

Jun 8, 2017
Press Release

Washington, DC – Today Congressman Lamar Smith (R-TX) gave the following statement on his vote in support of the Financial CHOICE Act (H.R. 10), which passed in the House 233-186:

Rep. Smith: “The Dodd-Frank law over-regulates the financial services sector and has permanently closed the doors of hundreds of local banks across the country. Under Dodd-Frank it has become more expensive for families to buy a home, send a child to college, plan for retirement or to start a business.

“The Financial CHOICE Act removes burdens that discourage bank lending, decreases the cost of compliance, and improves access to credit. The CHOICE Act also ends Dodd-Frank’s taxpayer bailout of banks, called “Too Big To Fail.” Communities across Texas and America will be well-served by the accountability, opportunities and transparency in Chairman Hensarling’s bill.”